The board of directors of China Resources Cement Holdings Limited announced that, with effect from 15 December 2020, Mr. ZHOU Longshan ("Mr. ZHOU") has ceased to be the Chairman of the Board, an executive Director, the Chairman of executive committee of the Company a member of the nomination committee of the Company and a member of the remuneration committee of the Company and has been re-designated as a non-executive Director as he has reached his retirement age. Mr. ZHOU Longshan, aged 60, has been re-designated as a non-executive Director since December 2020. The Board hereby announces that, with effect from 15 December 2020, Mr. IP Shu Kwan Stephen has ceased to be the Chairman of Nomination Committee and has been re-designated as a member of the Nomination Committee due to personal development plans. The Board announced that, with effect from 15 December 2020, Mr. LI Fuli ("Mr. LI") has been appointed as the Chairman of the Board, a non-executive Director and the Chairman of the Nomination Committee. Mr. LI Fuli, aged 54, has been appointed as the Chairman of the Board, a non-executive Director and the Chairman of the Nomination Committee of the Company since December 2020. Mr. LI joined China Resources Group in September 2018 and is currently the Vice General Manager and Chief Financial Officer of China Resources (Holdings) Company Limited.